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CRISIL reaffirms ‘AA’, ‘A1+’ rating to Savita Oil’s bank facilities

11 Jul 2013 Evaluate

Credit rating agency, CRISIL has reaffirmed ‘AA’ rating to Savita Oil Technologies’ long term bank facilities. The rating agency has also reaffirmed ‘A1+’ rating to the company’s short term bank facilities.

The company has received the said rating reaffirmation on the back of its established market position and strong debt protection metrics. However, these rating strengths are partially offset by the vulnerability of the company’s operating margin to fluctuations in foreign exchange rates and to volatility in raw material prices, working-capital-intensive operations, and exposure to intense industry competition.

Savita Oil is a leading player in the transformer oil, white oil, and industrial and automotive lubricants industries. The company’s oil products portfolio comprises transformer oil, white oil, and lubricants.

Savita Oil Tech Share Price

363.05 -2.25 (-0.62%)
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